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EnLink Midstream: Low Yield, But Some Growth In CCS Business


  • EnLink Midstream operates in hydrocarbon-rich basins in the south central US, including the Anadarko and Permian basins.
  • The company's low yield of 4.00% is a drawback compared to its peers in the midstream sector.
  • EnLink Midstream's growth potential lies in its carbon capture and storage technology, which has driven its strong market performance.
  • The company has a very strong balance sheet with a limited amount of debt.
  • The company should not have any difficulty sustaining its distribution going forward.
  • This idea was discussed in more depth with members of my private investing community, Energy Profits in Dividends. Learn More »

PBF Energy Refinery Close-up


EnLink Midstream, LLC (NYSE:ENLC) is a midsized midstream company that operates in a few hydrocarbon-rich basins in the southcentral part of the United States.

There are a few basins in which this company operates that we

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This article was written by

Power Hedge profile picture

Power Hedge has been covering both traditional and renewable energy since 2010. He targets primarily international companies of all sizes that hold a competitive advantage and pay dividends with strong yields.

He is the leader of the investing group Energy Profits in Dividends where he focuses on generating income through energy stocks and CEFs while managing risk through options. He also provides micro and macro-analysis of both domestic and international energy companie. Learn more.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of CEQP, MPLX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

This article was originally published to Energy Profits in Dividends during the morning of September 10, 2023. Subscribers to the service have had since that time to act on it.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (1)

upnorthwi profile picture
I don't know where the chart for EnLink Midstream's distribution history came from, but it's about as wrong as you can get. The dividend is 13 cents a quarter, nowhere near $1.00. Split was 2006, no dividend paid for 6 qtrs in 09-10.
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